Allscripts posts $728M in net earnings for Q4: 4 notes

Allscripts reported $728 million in net earnings in the fourth quarter of 2020, compared to a net loss of $19 million in the fourth quarter of 2019.

Four things to know about the Chicago-based EHR vendor's financial performance for the fourth quarter of 2020 and the full fiscal year, which ended Dec. 31.

  1. Allscripts' revenue in the fourth quarter of 2020 was $386 million, compared to $414 million in the fourth quarter of 2019.

  2. Earnings before interest, taxes, depreciation and amortization were $97 million in the fourth quarter of 2020, compared to $74 million in the fourth quarter of 2019.

  3. Earnings per share in the fourth quarter of 2020 was $4.82, compared with a loss per share of $0.12 in the fourth quarter of 2019.

  4. Allscripts said its 2021 goals are to achieve a revenue of $1.5 billion, free cash flow between $90 million and $100 million, and adjusted earnings before interest, taxes, depreciation and amortization between $240 million and $260 million.

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